Y Combinator Is Now Getting Over One Application Every Minute

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Wow. Silicon Valley-based startup incubator Y Combinator is getting just over one application per minute, according to a Tweet from co-founder and partner Paul Graham. Today is the last day for applications for the next Y Combinator class, and clearly founders are in a rush to get their applications in.

Back in August, Graham said that the acceptance rate to Y Combinator is just 3%. But because of an increase in applications, Y Combinator has increased its class sizes of late.

In June, Graham revealed that total value of YC companies is around $3 billion. In total, YCombinator has funded 316 startups including the summer round that just debuted in August. Checkout Graham and fellow Y Combinator partner Harj Taggar’s most recent office hours with startup founders at TechCrunch Disrupt here.

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Crunchbase

OverviewY Combinator is a startup accelerator based in Mountain View, CA.
In 2005, Y Combinator developed a new model of startup funding. Twice a year they invest a small amount of money ($120K) in a large number of startups (most recently 68). The startups move to Silicon Valley for 3 months. The YC partners work closely with each company to get them into the best possible shape and refine their pitch …